China’s property developers face bond payments worth $19.8 billion in the first quarter of 2022

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www.asiafinancial.com/china-evergrande-debt-crisis-five-developers-on-the-brink

This year is likely to witness the collapse of more Chinese property firms as the China Evergrande debt crisis rumbles on. Tight funding access, falling sales and rising debt repayment pressures continue to intensify an unprecedented liquidity crunch for the firms.

An estimate by Nomura analysts shows China’s developers face repayment of $19.8 billion in dollar-denominated offshore bonds in the first quarter of 2022.

That is almost twice the amount they were faced in the fourth quarter of 2021 – a burden that set off a default at not only Evergrande but a long list of firms including Yango, Kaisa Group, Sinic Holdings, Fantasia and Modern Land.

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h/t  newbietrader211

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